 Hyper-Bitcoinization refers to a moment when Bitcoin is the world reserve currency. It's this world where Bitcoin has won and it's what the... We don't have any natural currencies anymore, it's just Bitcoin. I think Bitcoin is a good chance of achieving that. What about the conference so far? It's been a blast to 12,000 people. I mean, is it 12,000 or 15,000? I heard 50,000 at one point and it's been absolutely wrong. Who knows? The numbers are just kind of nuts. But it's good to be field of buy with the Bitcoin community. It's been such a long, during COVID, such a long time of just that physical separation. So I think everyone's just excited to be back to it. Back again, it's awesome. Well, we do want to talk Bitcoin today. So for those at home who are maybe inexperienced and don't know much about Bitcoin, what is the big sales pitch that you've been hearing around the conference and obviously you being an expert yourself? Like, what do you tell the novices and then what do you tell them professionals that are looking to get into it as well? Yeah, so the problem that Bitcoin solves and solves the problem of trust with money. Previously with money, we'd have to trust that the government wouldn't grant much more of it, which would devalue it over time. And as we've seen throughout all human history, governments continually breach that promise. Bitcoin solves that problem of trust by creating a store value asset, kind of like a digital gold, if you will, that's not changeable by governments, not seasonable by governments, not mutable, not censorable by governments. So it's true free money. It's money that no one can control other than you, which is really, really powerful. So in developing countries, it's powerful because their transactions are censored. And more Western developed countries, it's powerful because we've engaged in printing 25 trillion dollars across the world, dollar equivalent value across the world during COVID at stimulus packages. So like this current, this fiat currency won't be worth, won't hold its value through time. Bitcoin, while its price does fluctuate, it'll never change as a sound money. And that's where we can develop our trust and place our trust in storing value in it. So I hear you talk about the Bitcoin standard a lot. Like what does that evolution look like as fiat currency kind of becomes less and less in the years ahead? Yeah. So the Bitcoin standard is essentially, that's a book written by Safideen, but the Bitcoin standard of hyper-Bitcoinization refers to a moment when Bitcoin is the world reserve currency. I think Bitcoin has a good chance of achieving that, which means that Bitcoin is the store value, so your store value in it, medium of exchange and unit of account. Those two parameters describe modern fiat money. Grocery stores, prices are on the local government currency, and that's where you use to transact. Bitcoin in its final stages should eat into those categories too, to where it just becomes a ubiquitous money that everyone uses. So this is where Bitcoin is adopted and the billions of users. So I think we're at least 10 years away from that. But I think it's just going to be, that's what we call the Bitcoin standard, hyper-Bitcoinization, is this world where Bitcoin has won. And we don't have any national currencies anymore, it's just Bitcoin. That's awesome. So does that evolution really start on the retail side of things first, or does that start at the country to country level conducting trade? What is your opinion on that? Yeah, so it started with retail. So that's how it happened. Sure. Institutions have now come in, which is great. So these are the big banks, hedge funds. They're starting to see Bitcoin as a Gold 2.0. And them believing in Bitcoin therefore gets more retail in a Bitcoin, because retail goes, oh, I trust these institutions still. Maybe I should buy Bitcoin. So that's the state of where we're at. Now government adoption, I think, comes out a little bit later today, probably like four years from now. Okay. And central banks might start buying it and start having part of, right now, central banks own Gold. So they're like, oh, our fiat currency isn't backed by Gold, but they still have Gold reserves. Even the US still has Gold reserves. And so I could see them starting to buy Bitcoin as part of their reserves. And then eventually Bitcoin becomes a larger and larger part of that, to where effectively Bitcoin becomes a standard. So anywhere any fiat left has been backed by Bitcoin. Okay. Now we're going to return to the Gold standard. Now in terms of like the petro dollar and how countries transact are enforced really to use US dollars, or some countries are using the Euro to do that, is there a scenario where there's a basket of currencies, or is there going to be a takeover completely when that Bitcoin standard happens? What are you envisioning for petro dollar? I think it's going to be a basket of currencies at first, and then eventually transition to Bitcoin only. The trust in Bitcoin's monetary policy, and how it's constructed is unparalleled. With Gold, I can't audit it. I can't audit all the Gold reserves, and even auditing my own Gold reserve requires an enormous amount of energy in terms of like GF a drill into the Gold bars. I can't send you Gold on the internet. Right. You know, so like Gold and other fiat currencies would formerly be in that basket. But Bitcoin has better parameters than all of them as of money. So I see in the intermediate of basket, longer term just Bitcoin. Okay. That's awesome.